Ionic Rare Earths Limited · ASX:IXR
Ionic Rare Earths — European Raw Materials Alliance (February 2022)
22 slides from Ionic Rare Earths's conference presentation, Feb 9, 2022
Slide 1: Developing an emerging magnet and heavy rare earth supply chain
Developing an emerging magnet and heavy rare earth supply chain European Raw Material Alliance IONICRE.COM.AU 9 FEBRUARY 2022
Slide 2: Cautionary Statement
Cautionary Statement Important Notice and Disclaimer This presentation should be considered in its entirety. If you do not understand the material contained in this presentation, you should consult your professional advisors. The sole purpose of this presentation is to provide shareholders with an u
Slide 3: IonicRE targeting new, secure Rare Earths supply
IonicRE targeting new, secure Rare Earths supply DEVELOPING A SECURE, TRACEABLE, MAGNET AND HEAVY RARE EARTH SUPPLY CHAIN TO FACILITATE CARBON NEUTRALITY The Mine – Makuutu The Refinery – Secure Supply The Basket – High Margin Increasing Demand, Reducing Supply – Becoming Makuutu is one of very few
Slide 4: Makuutu Rare Earths Project
Makuutu Rare Earths Project Low Capital, Modular Ionic Adsorption Clay Project IONIC RARE EARTHS PAGE 4
Slide 5: Harnessing the wide appeal of the Makuutu Basket
Harnessing the wide appeal of the Makuutu Basket MAKUUTU PROVIDES A UNIQUELY BALANCED BASKET WITH 73% CRITICAL AND HEAVY RARE EARTHS Scoping Study confirms robust Makuutu is unique and Existing Infrastructure at Significant Exploration upside economics for Base Case CREO receiving global interest du
Slide 6: Tier-One In-Country Infrastructure already there – supports low CAPEX development
Tier-One In-Country Infrastructure already there – supports low CAPEX development EXCELLENT LOCAL INFRASTRUCTURE SUPPORTS LOW CAPEX DEVELOPMENT LOGISTICS Approximately 10 km from Highway 109, connecting Makuutu to both capital city Kampala and Port of Mombasa, Kenya Approximately 20 km from rail lin
Slide 7: Supply Risk
Makuutu and Critical Raw Materials 2020 MAKUUTU BASKET CONTAINS HIGH RANKED CRMs IDENTIFIED IN 2020 EU STUDY REQUIRED TO ACHIEVE CARBON NEUTRALITY Secure and sustainable supply of both Economic Importance vs Supply Risk results for 2020 criticality assessment1 primary and secondary raw materials, 7.
Slide 8: ESG initiatives ‘front and centre’ at Makuutu
ESG initiatives ‘front and centre’ at Makuutu ENVIRONMENT, SOCIAL AND GOVERNANCE (ESG) FRAMEWORK IN DEVELOPMENT TO BUILD LASTING LEGACY Environmental and Social Rehabilitation to consider Community Support Programs Community socio-economic Impact Assessment (ESIA) development of longer term identifi
Slide 9: Makuutu Rare Earth Project Highlights – Update planned for late 2022
Makuutu Rare Earth Project Highlights – Update planned for late 2022 STRATEGIC VALUE DERIVED BY THE UNIQUE CREO/HREO DOMINANT BASKET Ionic Adsorption Clay (IAC) deposit mineralisation is highly desirable given it produces a balanced basket MAKUUTU BASKET dominant in magnet & heavy REO HIGH VALUE CRE
Slide 10: Phase 4 Drill Program and Mineral Resource Estimate Update
Phase 4 Drill Program and Mineral Resource Estimate Update REMAINING DRILL ASSAYS OVER Q1 2022 TO CULMINATE IN MATERIAL UPGRADE OF MAKUUTU MRE IN Q2 2022 Phase 4 infill drilling program completed (8,200 m, 432 holes) with 366 of 432 holes reported / 1 Tranches pending to feed into MRE update planned
Slide 11: Makuutu Timeline to Production
Makuutu Timeline to Production ACCELERATING MAKUUTU TOWARDS PLANNED PRODUCTION IN 2024 2022 2023 2024 ACTIVITY Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Resource Drilling Assays (Phase 4) Metallurgy Testwork MRE Update ESIA (submitted Dec 2021) Feasibility Study Landowner Agreements Funding Agreements Mining Li
Slide 12: REE Supply Chain and IonicRE Capability to date
REE Supply Chain and IonicRE Capability to date IONICRE ADDING CAPACITY TO BECOME MORE INTEGRATED IN NEW FUTURE RARE EARTH SUPPLY CHAINS 1. Makuutu Rare Earths Project 2. IonicRE Refinery 3. Magnet Recycling • Low Capital, modular development • Under Evaluation now assessing • Low capital developmen
Slide 13: China Dominates Global REE Separation & Refining Capacity
China Dominates Global REE Separation & Refining Capacity ALL HEAVY RARE EARTH ROADS LEAD TO CHINA …. UNTIL NOW Global HREO separation and refining capacity operated and NPM Silmet controlled by China1 Estonia Light Rare Earth Separation and Refining Northern Rare Earths Bayan Obo (Inner Mongolia) L
Slide 14: IonicRE Basket is a highly strategic basket with High Value
IonicRE Basket is a highly strategic basket with High Value DOWNSTREAM PROCESSING TO REO AND VALUE ADDED PRODUCTS UNLOCKS SIGNIFICANT UPSIDE REO Pricing IonicRE progressing & evaluating (China) Makuutu Basket downstream REE separation and Rare Earth Oxide Composition Argus Metals refining circuit 1-
Slide 15: Standalone Refinery to unlock value of balanced basket REOs
Standalone Refinery to unlock value of balanced basket REOs DEVELOPMENT SUPPLY CHAIN TO PRODUCE REOs OF INCREASING DEMAND AND DECREASING SUPPLY REO Production • Rare earth separation and refinery facility developed to take Rare Earth Element Capacity1 Major Applications and Uses advantage of long li
Slide 16: Magnet Recycling
Magnet Recycling Early mover position in extracted REOs from spent magnets IONIC RARE EARTHS PAGE 16
Slide 17: NdFeB Magnet Recycling
NdFeB Magnet Recycling DEVELOPING CAPACITY ON RARE EARTH SEPARATION, REFINING AND RECYCLING • IonicRE in process of acquiring Seren Technologies Ltd (ASX: Dec 2021) to be a leading magnet recycling company • The pilot plant scale plant has processed rare earth waste magnets received from supply chai
Slide 18: NdFeB Magnet Recycling – low cost, modular plan
NdFeB Magnet Recycling – low cost, modular plan FIRST MOVER CAPABILITY FOR DOWNSTREAM MAGNET RECYCLING TO SEPARATED 99.99%+ MAGNET RARE EARTH OXIDES • Seren Technologies patented process uses chemical extraction to extract the magnet REE from the spent magnets to enable recycling back to the refined
Slide 19: Magnet Recycling – a lower risk, responsive REO supply source
Magnet Recycling – a lower risk, responsive REO supply source MAGNET RECYCLING CAN ACHIEVE REO PRODUCTION WITH SIGNIFICANTLY REDUCED ENVIRONMENTAL BURDEN • A secondary economy for magnets significantly reduces the environmental burden compared to the primary sources • Secondary materials can be sour
Slide 20: IonicRE Vision – Facilitating Manufacturing
IonicRE Vision – Facilitating Manufacturing DEVELIVERING MAGNET & HEAVY REO SUPPLY CHAIN TO CREATE NEW INDUSTRY AND JV’s • Through the availability of long-life, low-cost MREC from Makuutu, IonicRE aiming to develop relationships with key industry participants to generate EU and US based manufacturi
Slide 21: IonicRE Value Proposition
IonicRE Value Proposition MAKUUTU’S STRATEGIC IMPORTANCE WILL INCREASE LONG TERM • Long-life, low-CAPEX, high-value basket asset “When peering into the outlook for the next decade • Planned operations in 2024 to come, it becomes quickly apparent that the • Exposure to 43% magnet REOs & 44% heavy REO
Slide 22: Ionic Rare Earths Limited
Ionic Rare Earths Limited Level 1, 34 Colin Street West Perth WA 6005 Australia www.ionicre.com.au admin@ionicre.com.au T +61 8 9481 2555 F +61 8 9485 1290 IONIC RARE EARTHS PAGE 22
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